5月19日，截至港股收盘，恒生指数下跌0.05%，报23332.72点。英皇文化产业（00491.HK）收报0.041 港元/股，上涨7.89%，成交量108万股，成交额4.29万港元，振幅5.26%。 最近一个月来，英皇文化产业累计涨幅5.56%，今年来累计跌幅5%，跑输恒生指数16.38%的涨幅。 财务数据显示，截至2024年12月31日，英皇文化产业实现营业总收入2.25亿元，同比减少9%；归母净 利润-5262.04万元，同比增长60.32%；毛利率60.55%，资产负债率283.53%。 於2022年6月30日,本集团营运合共24间戏院,包括於中国内地8间英皇电影城及7间英皇UA电影城、香港7 间英皇戏院、澳门1间英皇戏院及马来西亚1间Emperor Cinemas。 （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 机构评级方面，目前暂无机构对该股做出投资评级建议。 作者：行情君 行业估值方面，媒体及娱乐行业市盈率（TTM）平均值为-4.96倍，行业中值-1.07倍。英皇文化产业市 盈率-0.19倍，行业排名第109位；其他华视集团控股（0111 ...

Revenue and Financial Performance - Total revenue for 2024 is projected to be $243.1 million, down from $267.2 million in 2023, representing a decrease of approximately 9.5%[3] - The company reported a net income of $196.5 million for 2024, compared to $220 million in 2023, reflecting a decline of about 10.7%[5] - The company reported revenue of $651 million for the fiscal year ending December 31, 2024, compared to $776 million for the same period in 2023, representing a decrease of approximately 16.1%[9] - Total revenue for 2023 is projected to be $32.133 billion, with a net loss of $1.445735 billion[23] - For the fiscal year ending December 31, 2024, the company expects revenue to be $32.133 billion, with a net loss of $1.588953 billion[23] - The company anticipates a net loss of $2.160884 billion for the fiscal year ending July 1, 2024[23] - The company reported a net loss of $3.138 billion for the fiscal year ending December 31, 2024, indicating a need for strategic adjustments[23] - The company reported a revenue of $1.2 billion for the fiscal year ending December 31, 2024, with a projected revenue of $954.4 million for the fiscal year ending December 31, 2027[31] - The company expects to achieve a revenue target of $1.347122 billion for the fiscal year ending June 30, 2024[23] - The company reported a revenue increase of 84.636 million for the fiscal year ending June 30, 2024, compared to 81.986 million in the previous year[25] - The company reported a total revenue of $4,121,416,834, representing a 74.71% increase year-over-year[76] - The company anticipates a revenue target of $4,298,630,000 for the next quarter, which is a 63.41% growth projection[76] - The company has set a future outlook for 2024, projecting a total revenue of $2,371,313,094, with a growth rate of 73.80%[78] User Engagement and Metrics - User engagement metrics showed a slight decrease, with active users at 46,618 compared to 47,222 in the previous year, indicating a drop of 1.3%[3] - User data showed a decline in active users from 63.2 million in 2023 to 51.1 million in 2024, indicating a drop of about 19%[9] - The company reported a significant increase in user data, with 912,843 active users, up from 58,658 in the previous year[25] - User data showed a total of 53,508 million users in 2024, an increase from 50,255 million users in 2023, reflecting a growth of about 4.5%[52] - User data indicates a significant increase in active users, contributing to overall performance improvements[83] Strategic Initiatives and Future Outlook - The company plans to expand its market presence, targeting a 20% increase in user acquisition through new marketing strategies in 2024[6] - The company anticipates a recovery in revenue growth, projecting a 10% increase in Q2 2025 compared to Q2 2024[8] - Future guidance indicates a focus on digital transformation initiatives, aiming for a 15% increase in operational efficiency by the end of 2025[7] - The company expects to maintain a gross margin of approximately 16% for the upcoming fiscal year[35] - The company is committed to reducing operational costs by 2% in 2024, aiming for improved efficiency[34] - The company has outlined a strategy for mergers and acquisitions to strengthen its market position and expand its product offerings[35] - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of $100 million allocated for this purpose in 2024[6] - The company is focusing on market expansion strategies, particularly in the Asia-Pacific region, to drive future growth[54] - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product portfolio[54] - The company has outlined a comprehensive roadmap for product innovation and market penetration through 2025, targeting substantial revenue growth[82] Research and Development - Research and development expenses are projected to rise to $56.8 million in 2024, up from $143.2 million in 2023, indicating a strategic shift in resource allocation[5] - Research and development expenses increased to $147.2 million in 2024 from $160.9 million in 2023, a decrease of about 8.5%[12] - Research and development expenses for 2023 were $22,179 million, indicating a commitment to innovation despite financial losses[42] - Research and development expenses for 2024 were reported at $36,624 million, compared to $30,601 million in 2023, reflecting an increase of about 19.7%[61] - The company has prioritized research and development efforts to drive technological advancements[83] Operational Efficiency and Cost Management - The gross margin is expected to improve to 80.8% in 2024, up from 82.3% in 2023, despite the overall revenue decline[5] - The total operating expenses for 2024 were $36,926 million, up from $29,166 million in 2023, indicating a rise of approximately 26.5%[61] - The company is also exploring new strategies to improve operational efficiency, which is expected to yield a positive impact on profit margins[78] - Operational efficiency improvements have been noted, contributing to better profit margins[83] Product Development and Innovation - New product launches are expected to contribute an additional $50 million in revenue for the upcoming fiscal year[7] - The company plans to introduce three new products in 2025, aiming to capture a larger market share and enhance user engagement[10] - New product launches are anticipated to drive growth, with a focus on expanding into emerging markets[47] - New product launches contributed to a revenue increase of $3,156 million in 2024, compared to $9,485 million in 2023, showing a decline in contribution from new products[58] - The company is investing in new technology development, which is expected to drive user engagement and revenue growth in the upcoming fiscal year[78] - New product developments are underway, focusing on innovative technologies to enhance user experience[83]

Financial Performance - Total revenue for the six months ended December 31, 2024, decreased to HKD 243.1 million, down 9.0% from HKD 267.2 million in 2023[5] - The group's EBITDA increased significantly to HKD 50.5 million, compared to HKD 5.5 million in the previous year, due to effective cost control measures[7] - Net loss for the period was HKD 56.8 million, a substantial improvement from a net loss of HKD 143.2 million in 2023[7] - The company reported a net loss attributable to shareholders of HKD 56,823,000 for the six months ended December 31, 2024, compared to a loss of HKD 143,218,000 in the same period of 2023, representing a 60.3% improvement[26] - Total comprehensive loss attributable to shareholders was HKD 56,746,000 for the six months ended December 31, 2024, down from HKD 142,245,000 in 2023, indicating a significant reduction in losses[26] - The basic and diluted loss per share for the period was HKD 0.018, compared to HKD 0.045 in the previous year, reflecting a 60% decrease in loss per share[26] - The group reported a loss before tax of HKD 56,823,000 for the six months ended December 31, 2024, compared to a loss of HKD 143,218,000 for the same period in 2023, indicating an improvement in performance[35][48] - The cinema operations segment recorded a loss of HKD 26,904,000 for the six months ended December 31, 2024, compared to a loss of HKD 118,489,000 for the same period in 2023[35][37] Revenue Breakdown - Box office revenue was HKD 196.5 million, representing 80.8% of total revenue, a decline from 82.3% in 2023[7] - Hong Kong market revenue increased by 2.7% to HKD 141 million, while revenue from mainland China decreased to HKD 90.1 million, down 23.2% from HKD 117.3 million[7] - For the six months ended December 31, 2024, the group's revenue from cinema operations was HKD 243,147,000, a decrease of 9.0% compared to HKD 267,186,000 for the same period in 2023[40] - The cinema ticket revenue decreased to HKD 196,529,000 in the six months ended December 31, 2024, from HKD 219,964,000 in 2023, reflecting a decline in ticket sales[42] Cash and Liabilities - The group reported cash and cash equivalents of HKD 67.2 million as of December 31, 2024, down from HKD 84.6 million on June 30, 2024[12] - Total borrowings increased to HKD 1,024.7 million, up from HKD 977 million as of June 30, 2024[12] - As of December 31, 2024, the company's total current liabilities were HKD 362,374,000, a decrease from HKD 386,252,000 as of June 30, 2024[22] - The net liabilities of the company increased to HKD 1,347,122,000 as of December 31, 2024, compared to HKD 1,290,376,000 as of June 30, 2024[23] Financial Strategy and Outlook - The company has implemented various financial performance and resource improvement plans to enhance its financial performance and liquidity[28] - The company anticipates ongoing uncertainty regarding market supply and box office revenues due to external factors affecting recovery[27] - The company is focusing on improving its financial performance and liquidity to capitalize on future growth opportunities[28] - The group plans to leverage its brand to capture opportunities in the growing disposable income and living standards in mainland China[11] Government Support and Other Income - The group received government subsidies amounting to HKD 875,000 in the six months ended December 31, 2024, compared to HKD 443,000 in the same period in 2023, showing a significant increase[47] - The group reported a total of HKD 4,772,000 in other income for the six months ended December 31, 2024, compared to HKD 3,095,000 in 2023, indicating growth in other revenue streams[47] Financial Costs and Receivables - The company's financial costs, excluding lease liabilities, amounted to HKD 27,195,000 for the six months ended December 31, 2024, compared to HKD 22,179,000 in 2023, indicating an increase in financial expenses[35][48] - Financial costs for the six months ended December 31, 2024, amounted to HKD 53,508,000, an increase from HKD 50,255,000 in the same period last year[50] - Trade receivables increased to HKD 38,361,000 as of December 31, 2024, up from HKD 30,601,000 as of June 30, 2024[55] - Trade payables rose to HKD 69,623,000 as of December 31, 2024, compared to HKD 59,638,000 as of June 30, 2024[58] Corporate Governance - The company did not declare any interim dividend for the period, consistent with the previous year[16] - The company has not made any provisions for income tax in Hong Kong or other jurisdictions due to the absence of taxable profits[51] - The company has complied with all corporate governance codes as per the listing rules during the period[60]

Revenue Performance - The Group's revenue increased by 8.4% to HK$494.5 million for the year ended June 30, 2024, compared to HK$456.2 million in 2023[4]. - Box office takings amounted to HK$401.9 million, accounting for 81.3% of cinema operation revenue, up from HK$389.1 million in 2023[6]. - Revenue from the Mainland China market surged by 55.0% to HK$207.7 million, representing 42.0% of cinema operation revenue[6]. - Revenue from the Hong Kong market decreased to HK$264.3 million, accounting for 53.4% of cinema operation revenue, down from 64.8% in 2023[6]. - The Group's revenue for 2023 was HK$494.5 million, representing an increase of 8.4% compared to HK$456.2 million in 2022[8]. - The Group's revenue for 2024 is projected to be HK$977 million, up from HK$685.9 million in 2023, indicating a growth of approximately 42.5%[19]. Profit and Loss - The Group recorded a net loss of HK$715.1 million, significantly higher than the net loss of HK$317.0 million in 2023, primarily due to impairment allowances[6]. - Basic loss per share was HK$0.22, compared to HK$0.10 in the previous year[6]. - The Group's net profit for 2023 was HK$207.7 million, a significant increase of 55.0% from HK$134.0 million in 2022[8]. - The Group's net profit for 2024 is expected to reach HK$889.7 million, compared to HK$595.6 million in 2023, representing an increase of about 49.4%[19]. Impairment and Financial Health - Impairment allowances for the year were HK$430.5 million, up from HK$144.6 million in the previous year[4]. - As of June 30, 2024, the Group's current liabilities exceeded its current assets by HK$231.7 million, indicating financial distress[179]. - Current liabilities amounted to HK$386.3 million, while cash and cash equivalents, along with pledged bank deposits, totaled HK$86.6 million[179]. - The independent auditor confirmed that the consolidated financial statements provide a true and fair view of the Group's financial position as of June 30, 2024[177]. Operational Developments - The increase in total number of cinemas contributed to the revenue growth during the year[6]. - As of June 30, 2024, the Group operated a total of 25 cinemas across Mainland China, Hong Kong, and Macau, with 187 screens and over 27,000 seats[9]. - The Group opened two new Emperor Cinemas in Chongqing and Chengdu, and two Emperor Cinemas Plus+ in Hong Kong during the year[9]. Market Outlook - The film exhibition industry is expected to see growth in China, with the country's share of global film market revenues projected to reach 27.0% by 2027[13]. - The Group is confident in the long-term development of the film industry in Mainland China due to rising disposable income and living standards[13]. - The Group's financial performance is expected to improve significantly in the coming years, with a target of achieving a 27.0% growth rate by 2027[19]. Corporate Governance and Management - The company emphasizes its commitment to corporate governance through the establishment of various committees, including the Audit and Remuneration Committees[26]. - The independent non-executive directors bring over 20 years of experience in corporate governance and legal expertise, enhancing the company's oversight capabilities[25]. - The Board currently consists of six Directors, with three Executive Directors and three Independent Non-Executive Directors (INEDs), ensuring a balanced governance structure[89]. - The Board's corporate goals and objectives guide the remuneration decisions for Directors[78]. Employee and Staff Management - The number of employees increased to 776 as of June 30, 2024, compared to 743 in 2023[19]. - Total staff costs rose to HK$127.3 million in 2024 from HK$115.1 million in 2023, reflecting an increase of approximately 10.2%[19]. - Employee remuneration is based on individual responsibility, competence, skills, experience, and performance, including various benefits[80]. Risk Management and Compliance - The Group's internal control measures and procedures have been reviewed, covering governance, operational, financial, and compliance controls[128]. - The management is responsible for identifying, analyzing, evaluating, and communicating risks associated with activities within its scope[145]. - The Group has established a whistle-blowing policy to allow employees and third parties to report concerns confidentially[142]. - The company is committed to staying alert to changes in government policies and regulations, ensuring compliance to avoid operational disruptions[157]. Strategic Initiatives - The Group's strategic focus includes integrating digital technologies with premium services to enhance its position in high-end markets[21]. - The company is focused on expanding its market presence through strategic partnerships and acquisitions in the entertainment and hospitality sectors[22]. - The company is actively pursuing new strategies for growth and market expansion in the entertainment sector[56]. Shareholder Communication - The company maintains ongoing communication with shareholders through various channels, including AGMs, reports, and press releases[162]. - The Board is satisfied with the effectiveness of the Shareholders' Communication Policy, which is reviewed annually[163]. - Shareholders holding at least one-tenth of the paid-up capital can requisition a Special General Meeting (SGM) to be called by the Board[166].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 英皇文化產業集團有限公司 Emperor Culture Group Limited （股份代號：491 ） （於百慕達註冊成立之有限公司） 2023/2024年度之全年業績公告 及 董事委員會組成之變更 I. 全年業績 英皇文化產業集團有限公司（「本公司」）之董事會（「董事會」或「董事」）宣佈本公司及其 附屬公司（統稱「本集團」）截至2024年6月30日止年度（「本年度」）之經審核綜合業績。 | --- | --- | --- | |----------|----------------|----------------| | | | | | 財務概要 | | | | | 截至 6 月 2024 | 30 日止年度 | | | 年 千港元 | 2023 年 千港元 | | 收入 | 494,541 | 456,197 | | 票房收入 | 401,873 | 389,086 | | 其他 | 92,6 ...

毺ꉽ | 噻緸嚥锣 | 2 | | --- | --- | | 硆槏㺾阨韣⮖卥 | 3 | | 祕僻粃⻉䴮漩⪼♒긖侅漩銩 | 6 | | 祕僻粃⻉鬙ⳡ柁岞銩 | 8 | | 祕僻粃⻉妝漩首ⳛ銩 | 10 | | 祕僻粃⻉槁ꓭ嵥ꓪ銩 | 11 | | 祕僻粃⻉鬙ⳡ㖦銩ꮩ隌 | 12 | | 詢◜劆둛鉿侓☭〉▇飻⯟妝漩 | 28 | | ⪼♒☭㛶偠艨⚍潸ꬨ艨⚍▇妝漩 | 30 | | ⚕噻硆岖⪼♒魗値 | 31 | 呂秹呪鄣 蝡溽倁ⵋ氘噻겑㏬劕ꮺ⪬⺶ր傮⪏ց詢◜劋ր虛◑偤ց䧶ր虛◑ց䳀⼱勔 ⪬⺶⪼ꮩ㻏⪬⺶簣甭ր傮꠹㎃ց䨗蔸2023䌑12劓31傽婝6⠥劓ր傮傖 Ꙙց▇勑籮㷦呦祕僻粃⻉噻緸 | | 䨗蔸12劓31傽婝6⠥劓 | | | --- | --- | --- | | | 2023䌑 | 2022䌑 | | | ⶨ⩧ | ⶨ⩧ | | 緵侅⪜ | 267,186 | 212,231 | | 玮䨽侅⪜ | 219,964 | 184,386 | | ⪼♒ | 47,222 | 27,845 | | 嬱⯈ | 160,951 | 124,600 | | 劻ꪨ輥䴮 | 143,218 | 145,23 ...

Revenue Performance - Total revenue increased by 25.9% to HKD 267,186,000 for the six months ended December 31, 2023, compared to HKD 212,231,000 in 2022[5] - Box office revenue rose by 19.3% to HKD 219,964,000, accounting for 82.3% of total revenue[7] - Revenue from the mainland China market surged to HKD 117,300,000, representing 43.9% of cinema operation revenue, up from 25.4% in 2022[7] - Revenue increased by 25.9% to HKD 267,186,000, driven by a 117.9% increase in revenue from operations in mainland China, which reached HKD 117,298,000[28] - The group's revenue from cinema operations for the six months ended December 31, 2023, was HKD 267,186,000, an increase of 25.9% compared to HKD 212,231,000 for the same period in 2022[38] - Revenue from the mainland China market was HKD 117,298,000, significantly up from HKD 53,827,000 in the previous year, reflecting strong growth in this region[39] Financial Losses - Net loss narrowed to HKD 143,218,000 from HKD 145,230,000 in the previous year[5] - The company reported a net loss attributable to shareholders of HKD 143,218,000 for the six months ended December 31, 2023, compared to a loss of HKD 141,848,000 in the same period of 2022, reflecting a slight increase in losses[27] - Total comprehensive loss attributable to shareholders was HKD 142,245,000 for the period, down from HKD 148,348,000 in the previous year[27] - The group's adjusted loss before tax for the six months ended December 31, 2023, was HKD 143,218,000, compared to a loss of HKD 145,230,000 for the same period in 2022, indicating a slight improvement[36] - The cinema operations segment recorded a loss of HKD 118,489,000 for the six months ended December 31, 2023, compared to a loss of HKD 131,760,000 for the same period in 2022[36] - The group reported a basic loss attributable to ordinary shareholders of HKD 143,218,000 for the period, compared to HKD 141,848,000 in the previous year[49] Operational Developments - The group opened a new Emperor Cinemas Plus+ in Hong Kong and a new Emperor Movie City in Chongqing, increasing its total number of cinemas to 23[8] - The group plans to continue cautious expansion in mainland China and Hong Kong while closely monitoring market conditions[11] Financial Position - As of December 31, 2023, total borrowings increased to HKD 798,400,000 from HKD 685,900,000 as of June 30, 2023[12] - The asset-liability ratio rose to 60.2% from 48.9% in the previous period[12] - Current liabilities net amount was HKD 277,583,000, compared to HKD 263,868,000 as of June 30, 2023, indicating an increase in short-term obligations[27] - Non-current liabilities increased to HKD 1,637,849,000 as of December 31, 2023, from HKD 1,570,638,000 as of June 30, 2023[24] - The company maintained a long-term loan financing from a related party amounting to HKD 1,200,000,000, with a book value of HKD 708,083,000 as of December 31, 2023[29] - The company has a revolving loan financing from a bank amounting to HKD 20,000,000, with a book value of HKD 20,028,000 as of December 31, 2023[29] - The company's cash and cash equivalents totaled HKD 64,942,000 as of December 31, 2023, down from HKD 81,986,000 as of June 30, 2023[27] Cost Management - Employee costs totaled HKD 63,200,000, an increase from HKD 58,500,000 in 2022[16] - The group incurred depreciation expenses of HKD 41,543,000 for property, plant, and equipment, down from HKD 49,931,000 in the previous year, indicating cost management efforts[44] - The group has implemented cost reduction and improvement measures to control operating expenses and cash outflows for the current and future years[28] - The group's financial costs for the six months ended December 31, 2023, amounted to HKD 50,255,000, an increase from HKD 39,024,000 in the previous year[46] Dividend and Taxation - No interim dividend was declared for the period, consistent with the previous year[17] - The group did not declare any interim dividend for the year ending June 30, 2024, consistent with the previous year[48] - The group has not made any provisions for income tax in Hong Kong, Bermuda, or the British Virgin Islands due to no taxable profits generated during the period[8] Receivables and Payables - Trade receivables increased to HKD 27,373,000 as of December 31, 2023, from HKD 25,956,000 as of June 30, 2023[51] - Trade payables decreased to HKD 44,540,000 as of December 31, 2023, down from HKD 60,857,000 as of June 30, 2023[54] - Trade receivables aged analysis shows that receivables within one month increased to HKD 15,110,000 from HKD 11,733,000[53] - The group has maintained strict control over overdue receivables, with management regularly reviewing outstanding amounts[52] Other Financial Information - The group reported a total of HKD 3,095,000 in other income for the six months ended December 31, 2023, a significant decrease from HKD 8,425,000 in the same period of 2022, primarily due to a drop in government subsidies[43] - The group received government subsidies totaling HKD 443,000 during the six months ended December 31, 2023, a sharp decline from HKD 6,628,000 in the same period of 2022[43] - The group's total sales to external customers for the cinema operations segment were HKD 267,186,000, with no revenue reported from film investments during the period[36] - The group’s total liabilities, including trade payables and other payables, amounted to HKD 123,155,000 as of December 31, 2023[54] - The interim financial statements have not been reviewed by the company's auditor but were reviewed by the audit committee[55] Going Concern - The company continues to adopt a going concern basis in preparing its financial statements, supported by its assessment of available financial resources[31] - The group has not repurchased, sold, or redeemed any of its listed securities during the period[58]

Financial Performance - The Group recorded a 48.7% increase in revenue, reaching HK$456.2 million for the year ended June 30, 2023, compared to HK$306.7 million in 2022[13]. - The net loss for the year amounted to HK$317.0 million, an increase from HK$218.4 million in 2022, with a basic loss per share of HK$0.10[13]. - Revenue from cinema operations increased by 48.7% to HK$456.2 million, with box office takings contributing HK$389.1 million, accounting for 85.3% of total revenue[15]. - Revenue from the Hong Kong market rose by 81.7% to HK$295.8 million, representing 64.8% of cinema operation revenue[15]. - Emperor Culture Group Limited reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year 2022/2023, representing a growth of 15% compared to the previous year[37]. - The company reported a net profit margin of 12% for the fiscal year, reflecting improved operational efficiency and cost management strategies[37]. Market and Industry Trends - Annual box office sales in mainland China reached RMB20 billion in May 2023, breaking the previous record set in 2022[12]. - The recovery of the film industry in Hong Kong significantly contributed to the revenue increase, as cinemas resumed normal operations[11]. - Consumer spending in mainland China showed a concrete revival only in the last quarter of the year after pandemic containment measures were lifted[12]. - The Group's performance was positively impacted by a strong consumer desire for leisure spending and cinema visits in Hong Kong[11]. - The Group is optimistic about the film exhibition market due to increasing disposable income and a supportive five-year plan from the China Film Administration[20]. Operational Developments - The Group opened four new cinemas in mainland China during the year, bringing the total to 22 cinemas across various regions[16]. - An Emperor Cinemas Plus+ was opened in Tai Wai, Hong Kong, and another Emperor Cinemas in Chongqing, mainland China, with plans for further openings in 2024[19]. - The cinemas are positioned as high-end premium venues equipped with advanced technologies such as IMAX® and Dolby Atmos[17]. - The Group faced increased operating expenses due to the opening of new cinemas and recognized an impairment allowance related to right-of-use assets and fixed assets[13]. Financial Position and Resources - As of June 30, 2023, the Group's cash and cash equivalents amounted to HK$82.0 million, down from HK$117.4 million in 2022[22]. - As of June 30, 2023, the Group's total borrowings increased to HK$685.9 million, up from HK$542.7 million in 2022, with a gearing ratio of 48.9% compared to 30.0% in the previous year[23]. - The Group has sufficient financial resources to meet future working capital and financing requirements, as confirmed by the Board[24]. Corporate Governance and Compliance - The Company has not recommended any final dividend for the year, consistent with the previous year[32]. - The Company has adopted a share option scheme to incentivize staff, details of which will be provided in the annual report[31]. - The Company fully complied with all code provisions of the Corporate Governance Code during the year[111]. - The Board is committed to high standards of corporate governance ensuring accountability, responsibility, and transparency[110]. - The Company emphasizes performance-based remuneration for Directors and employees[105]. Strategic Initiatives and Future Outlook - Future outlook indicates a projected revenue growth of 10% for the upcoming fiscal year, driven by new film releases and enhanced digital services[37]. - The company is investing in new technologies, with a budget allocation of HKD 50 million for digital transformation initiatives aimed at improving customer experience[37]. - Market expansion plans include the opening of three new cinema locations in key urban areas, expected to be operational by Q3 2024[37]. - The company is exploring potential acquisitions in the entertainment sector to diversify its portfolio and enhance market presence[37]. - The company has launched a new loyalty program, aiming to increase customer retention by 25% over the next year[37]. Risk Management and Internal Controls - The Group aims to manage significant risks, including ESG risks, to achieve its strategic objectives and formulate risk management strategies[183]. - The Audit Committee is responsible for reviewing the effectiveness of ESG-related risk management and internal control systems[185]. - The Group's internal control measures and procedures have been reviewed, covering all material controls including financial, operational, and compliance controls[178]. - The Group conducts annual discussions with management regarding the adequacy of resources and training programs related to internal control and ESG performance[191]. Shareholder and Director Interests - As of June 30, 2023, Mr. Alex Yeung holds 2,371,313,094 shares, representing 73.80% of the issued shares of the Company[71]. - The Company has a total of 321,334,089 share options available for grant, which is 10% of the shares in issue as of the date of the annual report[76]. - The interests of Directors and Chief Executives are recorded in compliance with the Securities and Futures Ordinance[69]. - The Company has no other Directors or Chief Executives with interests or short positions in shares or debentures as of June 30, 2023[75].

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致之任何損失承擔任何責任。 英皇文化產業集團有限公司 Emperor Culture Group Limited （股份代號：491 ） （於百慕達註冊成立之有限公司） 2022/2023年度之全年業績公告 英皇文化產業集團有限公司（「本公司」）之董事會（「董事會」或「董事」）宣佈本公司及其 附屬公司（統稱「本集團」）截至2023年6月30日止年度（「本年度」）之經審核綜合業績。 管理層討論及分析 市場回顧 於本年度，香港戲院恢復正常營運，消費氣氛漸見復甦。消費者對休閒消費有著殷切需 求，並重回戲院欣賞電影。此外，香港政府已實行電影發展基金下的「亞洲文化交流電影 製作資助計劃」，其支持本地與亞洲製作團隊合作製作電影，旨在提升香港電影在亞洲市 場的影響力，並開拓新的發行渠道，有助推動香港電影的發展。 在中國內地，疫情防控措施於2023年初解除。然而，市民需要時間才能恢復正常生活，因 此於本年度最後一個季度，消費支出方呈 ...

Financial Performance - Total revenue increased by 17.2% to HKD 212,200,000 for the six months ended December 31, 2022, compared to HKD 181,000,000 in 2021[7] - Gross profit rose to HKD 124,600,000, up from HKD 107,804,000 in the previous year[4] - Net loss for the period was HKD 145,230,000, compared to a loss of HKD 99,940,000 in 2021, with a loss per share of HKD 0.04[4][7] - Total revenue for the six months ended December 31, 2022, was HKD 212,231,000, an increase of 17.2% compared to HKD 180,984,000 in 2021[23] - Gross profit for the same period was HKD 124,600,000, up 15.5% from HKD 107,804,000 in 2021[23] - The company reported a loss before tax of HKD 145,230,000, compared to a loss of HKD 99,940,000 in the previous year, representing a 45% increase in losses[23] - The total comprehensive loss for the period was HKD 150,204,000, compared to HKD 95,206,000 in 2021, indicating a 57.8% increase in comprehensive losses[23] - The company reported a net loss attributable to equity holders of HKD 141,848,000 for the period, compared to a loss of HKD 95,399,000 in 2021, highlighting ongoing financial challenges[33] - The total loss attributable to equity holders of the parent for the six months ended December 31, 2022, was HKD 141,848,000, compared to HKD 95,399,000 in 2021, marking an increase of 48.6%[61] Revenue Sources - Box office revenue accounted for 86.9% of cinema operations income, totaling HKD 184,400,000, compared to HKD 160,000,000 in 2021[9] - Revenue from the Hong Kong market increased to HKD 147,100,000, while revenue from mainland China decreased to HKD 53,800,000[9] - The revenue from the Hong Kong market for the six months ended December 31, 2022, was HKD 147,119,000, a significant increase from HKD 101,123,000 in 2021, reflecting a growth of 45.5%[48] - The company reported a decrease in screen advertising service revenue to HKD 2,252,000 from HKD 4,554,000 in the previous year, a decline of 50.5%[48] Operational Changes - The group plans to expand its cinema network in mainland China with new openings in Changsha, Chengdu, and Shenzhen in 2023[12] - The group terminated operations of Emperor UA Cinemas in mainland China during the period[9] Cash Flow and Liquidity - Cash and cash equivalents as of December 31, 2022, were HKD 80,300,000, down from HKD 117,400,000 as of June 30, 2022[13] - The net cash generated from operating activities for the six months ended December 31, 2022, was HKD 30,482,000, compared to HKD 13,298,000 in the same period of 2021, representing an increase of approximately 129%[30] - The net cash used in investing activities decreased significantly to HKD (15,751,000) from HKD (47,133,000), indicating improved investment efficiency[30] - The net cash used in financing activities was HKD (50,239,000), a notable decrease from HKD 112,311,000 in the previous year, reflecting a shift in financing strategy[30] - The total cash and cash equivalents at the end of the reporting period were HKD 80,347,000, down from HKD 135,794,000 at the end of the previous year, indicating a reduction in liquidity[30] Debt and Liabilities - Total borrowings increased to HKD 578,000,000, compared to HKD 542,700,000 as of June 30, 2022[13] - The asset-liability ratio was 38.6% as of December 31, 2022, up from 30.0% as of June 30, 2022[13] - The net current liabilities increased to HKD 307,620,000 as of December 31, 2022, from HKD 258,740,000 as of June 30, 2022, indicating a deterioration in short-term financial health[33] - Current liabilities increased to HKD 438,121,000 from HKD 437,087,000, indicating a slight rise of 0.2%[26] - The total liabilities, including trade payables and other payables, increased to HKD 154,571,000 as of December 31, 2022, compared to HKD 117,160,000 as of June 30, 2022[69] Employee and Operational Costs - Employee costs totaled HKD 58,500,000 for the period, significantly higher than HKD 37,100,000 in 2021, reflecting a 57.5% increase[20] - The number of employees decreased to 598 as of December 31, 2022, down from 745 as of June 30, 2022[20] - The financial costs for the six months ended December 31, 2022, increased to HKD 39,024,000 from HKD 29,909,000 in 2021, reflecting a rise of 30.4%[58] - Non-cash expenses included in the net loss totaled HKD 105,111,000, compared to HKD 96,044,000 in the previous year, suggesting rising operational costs[33] Asset Management - Non-current assets decreased to HKD 1,367,709,000 from HKD 1,630,856,000 as of June 30, 2022, a decline of 16.1%[26] - As of December 31, 2022, the carrying value of property, plant, and equipment decreased to HKD 467,487,000 from HKD 555,973,000 as of July 1, 2022, reflecting a depreciation provision of HKD 49,931,000 and an impairment loss of HKD 28,737,000[63] - The company's depreciation expenses for property, plant, and equipment increased to HKD 49,931,000 in 2022 from HKD 39,964,000 in 2021, representing a rise of 24.6%[56] Governance and Compliance - The company has complied with all provisions of the corporate governance code as per the listing rules during the reporting period[86] - The board of directors includes independent non-executive directors, ensuring governance and oversight[94] - The interim financial statements have not been reviewed or audited by the company's auditor but were reviewed by the audit committee[89] Shareholder Information - The company did not declare any interim dividend for the period, consistent with the previous year[21] - The company did not declare any interim dividend for the year ending June 30, 2023, consistent with the previous year[60] - As of December 31, 2022, Mr. Yang holds 2,371,313,094 shares, representing 73.80% of the issued shares of the company[78] - Mr. Yang also has significant holdings in associated companies, including 2,747,611,223 shares (74.71%) in Emperor International and 4,298,630,000 shares (63.41%) in Emperor Watch and Jewellery[80] - The company has not granted any share options under its share option scheme since its adoption on December 2, 2021[85] Related Party Transactions - The group incurred related party transactions totaling HKD 140,000 for company secretary fees and HKD 143,000 for film rental expenses during the period[73]